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Antolin

Update on Antolin

Antolin lives in Huancarani city in the southern Cusco region and he is still a member of the communal bank "Mamacha Rosario", part of the Asociación Arariwa organisation. He offers tailoring services, and has a small workshop at home. This time around he wants a loan to buy more work materials such as fasteners, thread and needles.
View original language description ↓
Antolin vive en la ciudad de Huancarani al sur del Cusco y continua participando en el banco comunal "Mamacha Rosario" de la Asociación Arariwa. Su actividad es brindar el servicio de costura ósea tiene un pequeño taller en su domicilio. En esta oportunidad requiere el préstamo para comprar más materiales de trabajo como por ejemplo cierres, hilos y agujas.

Previous Loan Details

Antolin thanks lenders for the support provided hoping they will continue supporting all of his Asociación Arariwa companions. He’s still living in the city of Huancarani and continues with his small tailoring shop at home located in Huancarani, Paucartambo, Cusco. He manufactures clothing a... More from Antolin's previous loan »

Additional Information

More information about this loan


Important Information

About Asociación Arariwa
Asociación Arariwa is a large non-governmental organization that started offering microcredit in 1994 to improve the quality of life, skills and equity of the population in the rural Cusco region of Peru. Arariwa serves the southern Andean provinces of Peru, and is distinguished by its efforts to reach the very poor, who often live in isolated rural areas. Arariwa fosters village banking, supports savings accounts, promotes access to education, and empowers women entrepreneurs (who make up 78% of its borrowers).

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Peru

  • $12,000
    Average annual income
  • 99
    View loans »
    Peru Loans Fundraising
  • $57,944,700
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Antolin to buy more work materials such as fasteners, threads and needles.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 6, 2014
Listed
Feb 25, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014